ALMATY, FEB. 13 2017 (The Conway Bulletin) — In a major blow to Kazakhstan’s image as a business-friendly country, prosecutors charged former economy minister Kuandyk Bishimbayev with stealing 1b tenge ($3.1m) from a project to build a glass sheet factory.
Mr Bishimbayev, previously seen as one of a group of high-flying members of a new generation of Western-educated Kazakh bureaucrats, is the highest-profile official to be arrested in a crackdown on corruption linked to Baiterek Holding. Baiterek owns stakes in businesses on behalf of the Kazakh government. Before being made economy minister in May 2016,Mr Bishimbayev had been head of Baiterek. He was sacked on Dec.28 2016 and later arrested.
Prosecutors said the 36-year-oldMr Bishimbayev, who had studied at George Washington University under a scheme paid for by the Kazakh government, had received $2m from the scam in theKyzlorda region of southern Kazakhstan.
“Funds were stolen through an affiliated company called Metal Plant Construction under the guise of payment for meals and accommodation of workers,” the anti-corruption office said in a statement.
Metal Plant Construction had supposedly been contracted by OrdaGlass and Shymkenthimmontazh.
For Kazakhstan, the bribe-taking scandal around Baiterek and OrdaGlass is doubly embarrassing as the factory had been touted as proof that cutting-edge factories could operate effectively in Kazakhstan.
Stewart Engineering, a US-based company, had been contracted to help build the glass plant. It has not been linked to the corruption charges. Construction work was started in 2015 but has slowed and the plant has still not been built.
ENDS
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(News report from Issue No. 317, published on Feb.17 2017)